Pure greed of rentals.

Tobi Hughes·
Madeira News

So I have just seen this apartment for rental on Facebook. These people should be ashamed of the pure greed they have, and I would say a company to avoid.

2000 euros a month,  for this horrible apartment with know view. If it was luxury fitting with a great sea view than maybe someone would go for it,  but the images say it all.

So what do you all think???

Am I being a bit harsh…. ???

Beluo the photos is an example of an apartment my friend has for long-term rent,  if interested make contact.

My friend has atwo bedroom in Funchal,  and you can use this as a comparison. Click link below.

Two bedroom apartment Funchal.

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Tobi Hughes

22 Responses

  1. Why would someone even think of staying there.! You would be better staying a hotel which would be more welcoming spending that amount of money for basic accomodation!

  3. I agree, Tobi, not a great apartment for the money. Sadly, when there is more demand than supply, some owners will get away with it!

  6. This may be getting worse because of the energy crisis. Continental Europeans may want to go to Madeira for 4 months or longer to escape a freezing cold winter at home.

    1. Unfortunately Madeira is getting very greedy. There needs to be a limit and controls on rental prices. This also highlights once again the grotesque difference between locals struggling to make ends meet and the fat cats exploiting every opportunity they can to make money.

  11. A very average apartment in Amparo of all places, for 2000 euros a month. Yes, it is predatory…but people are responsible for doing their research before buying or renting and seeing what is available and what to expect on the island in different price ranges. I’m not outraged because people will always try to make a profit and sell something for more than it is actually worth, but I do agree it is not worth it and is unethical.

  12. In a free economy things are worth what people are willing to pay for it. If people do not want to pay 2000€ for this then the price will drop.

  14. A greedy bunch? No more so than Brits who holiday in Portugal and Spain and complain every time their local servants don’t speak English perfectly and charge a higher price even if it’s still a bargain for you.

  15. I was very disappointed with holiday rentals. I booked three weeks in a 2 bed house last September, I had to reschedule because I had a stroke. Rescheduled for new year and a few weeks beforehand owner cancelled saying he had double booked. When I went back into Vrbo site the price had doubled. I then booked three weeks in an apartment in the old town from 21st February. The ill fated flight that didn’t arrive because of bad weather. Owner put me down as a no show and kept all my money. Stopped using rentals. Using Jet2 hotels.

  16. Guys! You simply have little money in your pocket, and you are envious that this apartment is not yours and you are not renting it out.

  18. Hi, great job with this blog but the 3 lead ? top stories are frozen and not updated to date order.

    Once again great job and cant wait to return.

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